Round-the-Clock Overview
About Round-the-Clock
Round-the-Clock is a renewable energy project in Abu Dhabi, United Arab Emirates, developed by Masdar and Emirates Water and Electricity Company. It combines a 5.2 GW solar photovoltaic plant with a 19 GWh battery energy storage system and is designed to deliver 1 GW of continuous clean power around the clock. The project sells baseload electricity to the Abu Dhabi grid operator under long-term arrangements and is funded by Masdar equity and a bank debt package. Construction began in October 2025 and operations are expected to begin in 2027. It is a single-asset project vehicle rather than an operating group, and it has made no acquisitions or investments of its own.
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Services
Round-the-Clock Competitors
Round-the-Clock competitors include listed companies like GE Vernova, Vistra, First Solar and Nextracker, and private ones like SK on and Enilive.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $38B | $3.2B | $204B | 4.2x | ||
| Publicly listed | $18B | $5B | $38B | 2.8x | ||
| Publicly listed | $5.2B | $2.1B | $21B | 4.1x | ||
| Private | $5.8B | - | $17B | 2.9x | ||
| Publicly listed | $3.6B | $747M | $15B | 3.4x | ||
| Private | - | - | $14B | - |
Round-the-Clock Public Comps
Round-the-Clock is still privately-owned, but its public comps include GE Vernova, Reliance Industries, Iberdrola, Siemens Energy, Enbridge, China Yangtze Power, Constellation Energy, Williams Companies, Enterprise Products and Quanta Services.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 5.0x | 4.2x | 59.2x | 30.9x | |||
| $112B | $20B | 1.9x | 1.7x | 10.7x | 10.2x | |||
| $50B | $17B | 4.8x | 4.6x | 14.2x | 12.6x | |||
| $44B | $4.4B | 2.4x | 2.1x | 23.5x | 13.2x | |||
| $47B | $15B | 4.1x | 3.4x | 13.2x | 13.2x | |||
| $13B | $11B | 11.6x | 11.9x | 14.2x | 15.2x | |||
| $26B | $5B | 4.3x | 3.4x | 21.8x | 13.5x | |||
| $12B | $7.4B | 9.9x | 9.5x | 16.0x | 14.1x | |||
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Common questions about Round-the-Clock
| Where is Round-the-Clock headquartered? | Round-the-Clock is headquartered in Abu Dhabi, UAE. |
| Is Round-the-Clock publicly listed? | No, Round-the-Clock is a private company. |
| Which companies are comparable to Round-the-Clock? | Companies comparable to Round-the-Clock include GE Vernova, Vistra, First Solar, SK on, Nextracker and Enilive. |
See companies similar to Round-the-Clock
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